Approximately 50,000 postal codes change each year which affects over 1.75 million addresses annually. As well, about 100 municipalities change their name or geographic point affecting over 3.3 million civic addresses. Address Governance is about implementing the processes that provide you with the most up-to-date, accurate, and contextual information about your customers, assets, and facilities. Implementing address governance means that you are certified to be confidently trusted because your data will support your business decisions.

Implementing Address Governance involves following the following measures:

1. Attain and maintain accurate address information by implementing the following: address audits which will help you understand the integrity of your address database, address standards which enforce uniform accuracy across your business addresses, and address validation which will differentiate between addresses that do exist and addresses that could exist.

2. Preserve the value and reliability of addresses by implementing procedures to maintain the following: address turnaround which takes the addition of new addresses and the removal of old and invalid addresses into consideration, address change which takes such changes in postal information, Place-names, and Streets, and improvements in location accuracy, and address contextual changes which gives you the ability to make decisions with the most up-to-date data associated with your addresses.

3.Use the context of an address by obtaining and analyzing the following: address characteristics in order to leverage information on demographic, dwelling, or neighborhood characteristics, address surroundings which gives you the ability to make better decisions based on the proximity of an address and it positive and negative features, and address readiness which is used to identify gaps or duplication among the address database.

In working with addresses, there are key measures that company\’s should implement to better leverage the power of location intelligence solutions. Location intelligence combines location related data with business data, so that organizations gain critical insights, make better decisions, and better optimize processes and applications. There are a number of benefits to standardizing addresses which includes: ensuring a common address structure, ensure company-wide standardization, provide more predictable levels of data quality and system performance, verify the existence of individual addresses and match them against a master address database, and transform addresses to include precise references of location such as in digital mapping. The 3Cs of Address Governance: Correct, Current, and Context from: Are Your Addresses Correct?, Are Your Addresses Current? and Are Your Addresses in their proper Context? set the discipline and assist companies with applying the power of location intelligence solutions to make better business decisions.

The path to effective address governance lies with creating processes that better manage the data. It is supported by distinguishing and documenting how a company manages its information and then develops metrics to monitor the effectiveness of the practices. As well, identifying the IT architecture, Address Software and IT tool sets that are required to facilitate effective address governance will ensure the proper implementation of address governance. The result of such effective data governance means you can confidently trust that your information will effectively support your business decisions.

Author Bio: A geocoding and Address verification software can be tailored to the demands of large organizations. It combines modern technology with geographic coordinates systems to deliver Address validation solutions to business obstacles.

Category: Computers and Technology
Keywords: business, gps tracking system,data,organization,advice,culture,communications, computer,technology